Hillsdale, MN is a small but vibrant town that offers an array of local businesses and activities for residents to enjoy. Some popular local companies include Hillsdale Floral Shop, Hilltop Cafe, and Hillside Pizza. With two-bedroom rent prices at only $840 per month in comparison to the national average of $1,430, living in Hillsdale is much more affordable than other locations. Additionally, grocery costs are also lower with the local Index of 99 compared to the US average of 100. With its low cost of living, Hillsdale provides an ideal place to live and settle down without having to break the bank.
Hillsdale has an unemployment rate of 3.7%. The US average is 6.0%.
Hillsdale has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Hillsdale
- The Sales Tax Rate for Hillsdale is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Hillsdale is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hillsdale
- The average income of a Hillsdale resident is $19,030 a year. The US average is $28,555 a year.
- The Median household income of a Hillsdale resident is $64,375 a year. The US average is $69,021 a year.